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Mnenie [13.5K]
3 years ago
15

The standard quantity allowed for the units produced was 4,500 pounds, the standard price was $2.50 per pound, and the materials

quantity variance was $375 favorable. Each unit uses 1 pound of materials. How many pounds were actually used?
Business
1 answer:
Firdavs [7]3 years ago
5 0

Answer:

Actual pounds used =4,350

Explanation:

<em>T</em><em>he material quantity variance</em><em> is the difference between the actual quantity of material used and the standard quantity and the difference multiplied by the standard price per quantity.  </em>

<em>                                                                                             Pound</em>

Standard quantity                                                              4500

Actual quantity                                                                 ___y___

Quantity variance (                                                           <u>4,500 - y favourable</u>

Variance in ($) = (4500 -y ) ×  $2.50

                  375 = 11,250  - 2.50y

                2.50y = 11,250 - 375

                            = (11,250-375)/2.50

                            = 4,350

Actual pounds used =4,350

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